The economic evaluation of educational policies and programs employing the ingredients method for cost, cost-effectiveness, or benefit-cost analysis is no exception to the critique that economic models require an untenable number of assumptions. Educational economists must make assumptions due to two sources of uncertainty: model uncertainty, as…

The economic evaluation of educational policies and programs employing the ingredients method for cost, cost-effectiveness, or benefit-cost analysis is no exception to the critique that economic models require an untenable number of assumptions. Educational economists must make assumptions due to two sources of uncertainty: model uncertainty, as…

The purpose of these guidelines is to support the execution of cost analysis and cost-effectiveness analysis of educational programs. The steps involved in conducting a cost analysis are presented in four stages with explicit examples used throughout: designing your cost analysis, collecting cost data using the ingredients method, analyzing cost…

School vouchers, a school choice policy that allows students and families to use public funds to fully or partially pay the cost of attending private schools, became a major area of policy debate once again during Betsy DeVos's tenure as United States Secretary of Education. Recent evaluations have found negative impacts of vouchers on academic…

Although active learning is supported by strong evidence of efficacy in undergraduate science instruction, institutions of higher education have yet to embrace comprehensive change. Costs of transforming instruction are regularly cited as a key factor in not adopting active-learning instructional practices. Some cite that alternative methods to…

There is growing evidence that social and emotional skills can be taught to students in school and teaching these skills can have a positive effect on later outcomes, such as better mental health and less drug use. This paper presents a benefit-cost analysis of a longitudinal social and emotional learning intervention in Sweden, using data for 663…

Educational interventions are complex: Often they combine a diagnostic component (identifying student need) with a service component (ensuring appropriate educational resources are provided). This complexity raises challenges for program evaluation. These interventions, which we refer to as "service mediation interventions," affect…

We review the value of cost-effectiveness analysis for evaluation and decision making with respect to educational programs and discuss its application to early reading interventions. We describe the conditions for a rigorous cost-effectiveness analysis and illustrate the challenges of applying the method in practice, providing examples of programs…

In this article, we perform cost-effectiveness analysis on interventions that improve the rate of high school completion. Using the What Works Clearinghouse to select effective interventions, we calculate cost-effectiveness ratios for five youth interventions. We document wide variation in cost-effectiveness ratios between programs and between…